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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

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A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


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Property Tax implications during separation

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15 Sep 21 #517721 by RGFox
Topic started by RGFox
Couple are in the process of separating (legal paperwork submitted and process in progress; but not complete) and Separation Agreement agreed with regards to main house as follows...
  1. wife wishes to sell her 50% stake of the house to husband and complete a via transfer of deeds
  2. husband will give wife 50% stake of the house value in cash
  3. husband owns another property (but not primary residence, rented) and wife is not named on the deeds of that property
Q1 - Would she be liable for any stamp duty land tax (additional 3% premium) when buying another house with her cash?

Q2 - Would the husband be liable for stamp duty land tax (standard stamp duty and/or additional 3% premium) as part of the transfer of deeds for the 50%?

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